Guido Subotovsky

President|Founder

Azimuth Development Group

Developer, Owner

Azimuth Development Group portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$22.6 million – specialty 51.0%, development 19.0%; Manhattan 63.0%, Bronx 34.0%

1593th largest portfolio by dollar value

181,011 sqft – specialty 48.0%, D6 28.0%;

1290th largest by SF

11 properties – Manhattan 45%, Bronx 45%

146th largest

345 residential units – Bronx 76.0%, Manhattan 23.0%

473th largest by residential units

0 foreclosures, 0 bankruptcies, 3 other court cases.

Person Activity past 24 months:

Buyer signatory: 3 for $22.3 million

Seller signatory: 1 for $4.3 million

Borrower signatory: 4 for $97.2 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 2 for 83,643 square feet

Top Ten Associated Companies:

Raza Development Fund, Inc. (2), Top Rock Holdings (1), Metropolitan Commercial Bank (1), Azimuth Development Group (1), NYS Housing Finance Agency (1), NYC Department of Housing Preservation and Development (1), Sopher Real Estate (1), EB-5 New York State (1), Crossroads Tabernacle (1), Webster Bank (1)

Top Ten Associated People:

Vyacheslav Chertov (1), Melissa McDonald (1), Jonathan Sopher (1), Joseph Henry Cortese (1), K. James Dittbrenner (1)

Recent activity as signatory:

• Azimuth Development Group borrowed $10.2 million from Webster Bank for 1328 Castle Hill Avenue and 1300 Castle Hill Avenue, Westchester Square, Bronx on November 15, 2024.

• Crossroads Tabernacle sold 1328 Castle Hill Avenue, Westchester Square, Bronx for $7.5 million to Azimuth Development Group on November 15, 2024.

• Guido Subotovsky filed plans for new building for 68,853 sqft in Eastchester, Bronx, on October 21, 2024.

• Sopher Real Estate sold 2211 Westchester Avenue, Westchester Square, Bronx for $6.1 million to Azimuth Development Group on May 31, 2024.

• Azimuth Development Group borrowed $68.9 million from NYS Housing Finance Agencyand NYC Department of Housing Preservation and Development for 450 East 158th Street and 407-409 East 158th Street, Melrose, Bronx on April 10, 2024.

• Mark Sonnenschein sold 450 East 158th Street and 407-409 East 158th Street, Melrose, Bronx for $4.3 million to Azimuth Development Group on April 10, 2024.

• Azimuth Development Group borrowed $11.8 million from Metropolitan Commercial Bank for 530 West 215th Street and 532 West 215th Street, Inwood, Manhattan on October 13, 2023.

• Raza Development Fund, Inc. borrowed $6.4 million from Raza Development Fund, Inc. for 2968 Third Avenue, Longwood, Bronx on October 06, 2023.

• Top Rock Holdings sold 134-11 221st Street, Laurelton, Queens for $8.7 million to Azimuth Development Group on August 16, 2023.

• Guido Subotovsky filed plans for major alteration for 14,790 sqft in Inwood, Manhattan, on February 16, 2023.